Aercap Holdings NV vs GATX Corp

Aercap Holdings NV (AER) is undervalued and GATX Corp (GATX) is fairly valued.

Against our estimates of intrinsic value, AER trades at the wider discount: a margin of safety of +53%, against +2% for GATX.

Values as of the 22 Sept 2026 close.

Aercap Holdings NV (AER)

Discounting its cash flows at 6.9% (average of 3 methods) values the shares at $309.00; the price of $144.22 is 53% below that value, and 84% of that value comes from beyond year five.

Leak Score 54/100 on 3 of 12 signals

GATX Corp (GATX)

Discounting its cash flows at 7.1% values the shares at $187.40; the price of $183.01 is 2% below that value, and 83% of that value comes from beyond year five.

Leak Score 0/100 on 3 of 12 signals

MetricAERGATX
VerdictUndervaluedFairly valued
Price$144.22$183.01
Intrinsic value$309.00$187.40
Margin of safety+53%+2%
Leak Score54/100 (3/12)0/100 (3/12)
Market cap$22.3B$6.5B
Revenue growth, 5 years10.9%7.5%
Operating margin49.0%29.0%
Net margin45.0%17.6%
Return on equity18.7%13.3%
Debt to equity2.334.48
P/E7.1x18.1x
Forward P/E7.9x16.2x
P/B1.2x2.3x
Dividend yield1.1%1.4%

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